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#10017 - 02/06/02 05:47 AM Reg CC hold
LoisLane Offline
Diamond Poster
LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
Our customer cashes a check drawn on another bank over the counter at our bank. I know we can place a hold on the customer's checking account. Can this hold be for the full check amount or do we have to make the first $100 available? The short (case by case) hold form will be used.
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General Discussion
#10018 - 02/06/02 05:51 AM Re: Reg CC hold
Anonymous
Unregistered

I think you would need to make the 1st $100 available.

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#10019 - 02/05/02 06:20 PM Re: Reg CC hold
prosperity Offline
Member
prosperity
Joined: Oct 2001
Posts: 82
Houston, TX
Since it appears that you will place a 2 or 5 day hold, you have to give the first $100 by next day. You are only entitled to delay the entire amount of a check for an exception hold. The exception to that statement is when you place a large deposit exception hold, you have to give $100 next day, $4900 within the 2 or 5 day period and the entire amount over $5000 can be held for 7 or 11 days, business that is.


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